Calling #Bitcoin
a Ponzi scheme is inaccurate, and rooted in:
- ignorance
- stupidity
- ideological slander
You pick.
cc/ @slightlylate
-
-
-
Replying to @ejpbruel
@ejpbruel@slightlylate I'm not sure what you're alluding to?2 replies 0 retweets 0 likes -
Replying to @csuwildcat
@ejpbruel@slightlylate Bitcoin isn't a Ponzi: - isn't orchestrated - doesn't pay old invst w/ new $ - doesn't require ascending investment2 replies 0 retweets 0 likes -
Replying to @csuwildcat
@csuwildcat@ejpbruel : it absolutely paid old investors with new $, that's the natural effect of the asymptotic mining1 reply 0 retweets 0 likes -
Replying to @slightlylate
@slightlylate@ejpbruel lol, no, no it isn't. Buy that definition, all commodity mining is Ponzi, and that's ludicrous.2 replies 0 retweets 0 likes
Replying to @csuwildcat
@csuwildcat @ejpbruel : commodity mining tends not to have this behaviour because the prices are stable and grounded in real economy
8:44 AM - 15 Jan 2015
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
& Web Standards TL; Blink API OWNER
Named PWAs w/
DMs open. Tweets my own; press@google.com for official comms.